How Analysts Feel About BP P.L.C. (NYSE:BP) After Decrease in Sellers?

May 18, 2018 - By Marie Mckinney

The stock of BP P.L.C. (NYSE:BP) registered a decrease of 31.98% in short interest. BP’s total short interest was 5.40M shares in May as published by FINRA. Its down 31.98% from 7.95 million shares, reported previously. With 6.17M shares average volume, it will take short sellers 1 days to cover their BP’s short positions. The short interest to BP P.L.C.’s float is 0.17%.

The stock increased 1.03% or $0.48 during the last trading session, reaching $47.19. About 7.21M shares traded or 18.96% up from the average. BP p.l.c. (NYSE:BP) has risen 18.43% since May 18, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

BP p.l.c. engages in energy business worldwide. The company has market cap of $157.10 billion. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 45.99 P/E ratio. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas , biogas, power and natural gas liquids (NGLs).

BP p.l.c. (NYSE:BP) Ratings Coverage

Among 9 analysts covering BP plc (NYSE:BP), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. BP plc had 13 analyst reports since December 20, 2017 according to SRatingsIntel. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. Cowen & Co maintained the shares of BP in report on Tuesday, February 6 with “Hold” rating. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Piper Jaffray on Wednesday, February 7. The rating was maintained by Scotia Capital with “Buy” on Monday, April 9. The stock of BP p.l.c. (NYSE:BP) has “Buy” rating given on Thursday, March 29 by Citigroup. Piper Jaffray maintained it with “Buy” rating and $4900 target in Sunday, April 22 report. Morgan Stanley downgraded the shares of BP in report on Tuesday, February 13 to “Equal-Weight” rating. Societe Generale upgraded BP p.l.c. (NYSE:BP) on Monday, February 12 to “Buy” rating. The stock of BP p.l.c. (NYSE:BP) earned “Hold” rating by Jefferies on Wednesday, December 20. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Scotia Capital on Thursday, December 21.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “BP: Growth Momentum And 5% Dividend Yield” on May 02, 2018, also Fool.com with their article: “Why BP plc (ADR)’s Stock Rose 10% in April” published on May 08, 2018, Streetinsider.com published: “Exclusive: BP chief sees shale, OPEC cooling oil markets” on May 18, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Seekingalpha.com and their article: “BP: Strong Performance Seen Continuing In 2018” published on May 04, 2018 as well as 247Wallst.com‘s news article titled: “BP Earnings Clear Analysts’ High Bar” with publication date: May 01, 2018.